Once you have your budget decided, your next step should be making sure you secure financing. Nothing is worse than finally finding the house you always wanted only to learn you cannot get a loan for helping you to get it. When you know already the amount you can for sure get financing for, you can locate a house easier and have more chances of it getting into it without disappointment.
All these benefits are available to you by just having one short sale listing. The first place to look to for short sale listings is your past clients. This may sound terrible however the ones who have bought in the most recent 5 years are the ones in the most danger.
Overall, sales during the first nine months of this year are still up over the same nine months from last year, but things do appear to be slowing down.
Nationally the number of homes for sale is at the lowest level we have seen since 1999 and if this trend remains in force prices will continue to climb. This is fantastic news for homeowners but bad news for buyers and those of us who make our living selling real estate. The investor market continues to thrive as cash on cash returns remain stronger than other vehicles available to those with cash needing to provide them a return. Even after significant price increases in many communities quality investments producing solid 7% to 8% returns are out there and that does not include tax benefits of depreciation or future appreciation. If inflation rears it’s ugly head at some real estate point will be a beneficiary and investors holding real estate will be handsomely rewarded.
The real estate market has changed so quickly and completely that there are many real estate agents at a loss for what to do now. Experienced agents that never had a problem attracting new clients through traditional advertising are now finding out that they need to rethink their marketing strategy. New agents are finding themselves in an industry that is in the middle of a transformation. They have been finding that the rules that they just learned about building a successful real estate business are being rewritten before they even have a chance to apply them.
They use our membership, they get links from hundreds of thousands of websites around the world as it realtor is national, and this domain name is probably worth hundreds of millions of dollars, if not billions and most realtors give a link.
The Traditional method of selling a home works like this. You hire an agent to sell your property. You agree to pay that agent and their firm a fee to sell your home and complete the transaction. That agent, in agreement with their local board, agrees to share that commission with any agent that brings in a buyer and completes the transaction. Your agent markets your property by using the Multiple Listing Service (MLS). The MLS is a system which acts as a meeting place where buyer and seller agents meet to conduct business and trade buying and selling sources. Once your property is listed in the MLS, your selling agent has agreed to share their commission with anyone who will bring a buyer to the table and complete the transaction.